Imagine Institute

Analysis

Imagine Institute is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Imagine Institute reported income of $13.5m and spending of $11.1m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $13.5m (+280%), an average of +40% a year. The sharpest change came in the year to June 2020, when income rose by 89%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Imagine Institute sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Marthas Vineyard Community Services Inc ($13.5m), Young Mens Christian Assn Westport ($13.5m) and Bucks County Opportunity Council Inc ($13.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $3.7m. At year end it held assets of $9.7m against liabilities of $2.9m, net assets of $6.7m. It reported 58 employees.